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Anaconda Mining - Beginn einer neuen Zeitrechnung durch Fusion und Produktionserweiterung (Seite 15)


WKN: A2G8YS | Symbol: ANX
0,178
19.10.18
Tradegate
-1,66 %
-0,003 EUR

Begriffe und/oder Benutzer

 

Anaconda closes $3.55-million tranche of placement

2018-06-25 08:26 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING COMPLETES FIRST TRANCHE OF $4.5 MILLION NON-BROKERED PRIVATE PLACEMENT

Anaconda Mining Inc. has completed a first tranche of a non-brokered private placement of 8,671,952 units of the company at a price of 41 cents per flow-through unit, for aggregate gross proceeds of $3,555,500. Each flow-through unit consists of one common share of the company, which qualify as flow-through shares within the meaning of the Income Tax Act (Canada) and one-half of one non-flow-through common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the company at a price of 55 cents per warrant share until June 22, 2020. Anaconda expects to complete a second tranche of the private placement on or around June 26, 2018, for 2,219,000 flow-through units, for additional aggregate gross proceeds of $909,790.

"We are very pleased with the high level of interest for this private placement which attracted strong institutional demand from established mining-focused investors, as well as existing shareholders. Since the acquisition of the Goldboro project, we have achieved very impressive drill results and continue to demonstrate that the mineral resource is open for expansion. The proceeds from this placement will enable us to build upon our recent success of increasing the scale of the Goldboro deposit. At Point Rousse, we have announced a 5,000-metre drill program to expand the Argyle mineral resource and target two other high-priority exploration targets within close proximity of the Pine Cove mill. We are excited about the resource growth potential at Goldboro and Point Rousse and look forward to sharing the results as they come available over the next several months," said Dustin Angelo, president and chief executive officer, Anaconda Mining.

Red Cloud Klondike Strike Inc. and M Partners acted as finders in connection with the offering. In connection with the first tranche of the private placement, the company paid a cash finder's fee and issued 520,317 non-transferable finder warrants. Each finder warrant is exercisable for one common share of the company at a price of 55 cents until June 22, 2020.

It is expected that the gross proceeds from the private placement will be primarily used for exploration activities at the company's Goldboro project in Nova Scotia and its other deposits in Atlantic Canada.

All the securities sold pursuant to the first tranche of the private placement are subject to a hold period which will expire on Oct. 23, 2018, in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws. The private placement remains subject to the final approval of the Toronto Stock Exchange.

About Anaconda Mining Inc.

Anaconda is a Toronto Stock Exchange-listed gold mining, exploration and development company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse project located in the Baie Verte mining district in Newfoundland, comprising the Pine Cove open-pit mine, the fully permitted Pine Cove mill and tailings facility, the Stog'er Tight mine, and the Argyle deposit, as well as approximately 5,800 hectares of prospective gold-bearing property.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda closes $909,790 first tranche of financing

2018-06-26 17:12 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING COMPLETES SECOND AND FINAL TRANCHE OF $4.5 MILLION NON-BROKERED PRIVATE PLACEMENT

Anaconda Mining Inc. has completed the second and final tranche of a non-brokered private placement of 2,219,000 units of the company at a price of 41 cents per flow-through (FT) unit, for aggregate gross proceeds of $909,790. Total proceeds raised under the private placement are $4,465,290.

Each FT unit consists of one common share of the company, which qualifies as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one non-flow-through common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the company at a price of 55 cents per warrant share until June 26, 2020.

Red Cloud Klondike Strike Inc. and M Partners acted as finders in connection with the offering. In connection with the second and final tranche of the private placement, the company paid a cash finder's fee and issued 73,200 non-transferable finder warrants. Each finder warrant is exercisable for one common share of the company at a price of 55 cents until June 26, 2020.

It is expected that the gross proceeds from the private placement will be primarily used for exploration activities at the company's Goldboro project in Nova Scotia and its other deposits in Atlantic Canada.

All the securities sold pursuant to the private placement are subject to hold periods which will expire four months and one day from the respective closing dates for the first and second tranche of the private placement, being Oct. 23, 2018, and Oct. 27, 2018, as applicable, in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws. The private placement remains subject to the final approval of the TSX.

About Anaconda Mining Inc.

Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse project, located in the Baie Verte mining district in Newfoundland, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda opposes Maritime's increased private placement

2018-06-28 18:11 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING RESPONDS TO MARITIME'S UNIT OFFERING

Anaconda Mining Inc. opposes the proposed private placement of Maritime Resources Corp., which has now been increased to $1.5-million, through the issuance of a combination of units at a price of 10 cents per unit and flow-through units at a price of 12 cents per flow-through unit, as announced on June 22, 2018. Anaconda also wishes to clarify certain misrepresentations made by Maritime's management and board of directors concerning the data room information made available.

Maritime private placement

Anaconda continues to believe the private placement is a defensive tactic by Maritime's management and board of directors to thwart Anaconda's premium takeover bid to acquire all the issued and outstanding common shares of Maritime in exchange for consideration of 39 cents of a common share of Anaconda for each Maritime share. To date Maritime has failed to engage in a constructive dialogue with Anaconda and has provided no fundamental reason to repudiate Anaconda's offer.

The completion of the highly dilutive private placement may compel Anaconda to withdraw or revise the offer. The company's offer was based on the Maritime market capitalization, and the Maritime shares issued and outstanding as of the date of the offer, and the resultant inflated share structure will cause Anaconda to reconsider the terms of the offer.

The proposed private placement will have a substantial dilutive effect on the Maritime shareholders, and based on Maritime's own information circular filed on SEDAR on June 22, 2018, Maritime will need to raise additional funds within four months. Therefore, existing Maritime shareholders will incur dilution of over 23 per cent, including warrants, of the current issued and outstanding Maritime shares (on a partially diluted basis) from this private placement, and will presumably be diluted again in four months by an additional offering. It is probable, in the absence of Anaconda's offer, that any subsequent offering by Maritime will be executed at terms below current market levels. Maritime shareholders should be aware that, based on Maritime management's recent record, almost one-half of funds raised have been consumed by corporate general and administrative expenses.

Anaconda is committed to serving the best interests of its shareholders, employees, service providers and business partners. Accordingly, it will revisit the terms and conditions of its offer in light of the proposed private placement by Maritime's management and board of directors.

Data room

Anaconda also wishes to correct the misrepresentation by Maritime's management and board of directors that the data room provided by Anaconda for the purposes of due diligence was mostly public information and was incomplete. Anaconda has provided a detailed data room of both public and non-public information. The data room contains a significant amount of non-public information, including detailed financial models and budgets, month-end reporting information for the company's operations, mine and operating plans, Whittle pit optimization data, block models and drill hole databases for all material deposits, and evidence of all key permits, including in-pit tailings deposition approvals.

In addition, on numerous occasions since the data room was opened, the company has reached out to Maritime's management and financial adviser to review the contents of the data room and address any questions. Maritime's management and its financial adviser have declined the invitation to do so.

As Maritime management has not made any effort to interact with Anaconda regarding due diligence matters or follow up on supposed missing information, it is highly unlikely that Maritime management has undertaken appropriate due diligence to assess the merits of the offer to make an informed recommendation to Maritime shareholders. Maritime management would rather proceed with a below-market private placement and remain entrenched, as opposed to meaningfully engaging in a transaction which is accretive to its shareholders.

Notice to Maritime shareholders in the United States

The offer is made for the securities of a foreign company. The offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the offer to purchase and circular of Anaconda to Maritime shareholders filed on SEDAR on April 13, 2018, if any, have been prepared in accordance with foreign accounting standards that may not be comparable with the financial statements of United States companies.

It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.

You should be aware that Anaconda may purchase securities otherwise than under the offer, such as in open market or privately negotiated purchases.

The offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.

About Anaconda Mining Inc.

Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse project located in the Baie Verte mining district in Newfoundland, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro project in Nova Scotia, a high-grade mineral resource, with the potential to leverage existing infrastructure at the company's Point Rousse project.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda drills 25.5 m of 2.21 g/t Au at Goldboro

2018-07-05 07:26 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING INTERSECTS 12.39 G/T GOLD OVER 3.2 METRES AND 24.49 G/T GOLD OVER 1.0 METRES AT GOLDBORO

Anaconda Mining Inc. has released assay results from five drill holes (1,725 metres), as part of 11,588 metres of diamond drilling completed since October, 2017, at the Goldboro gold project in Nova Scotia. The five drill holes (BR-18-30 to BR-18-34) targeted eight mineralized zones of the East Goldbrook gold system (EG gold system) and eight mineralized zones of the Boston-Richardson gold system (BR gold system) along Section 9050E of the Goldboro deposit. The drill program also tested the continuity of mineralization previously intersected in Section 9100E located 50 metres to the east where multiple, wide, high-grade zones associated with fault systems were intersected, including 11.27 grams per tonne gold over 13.5 metres and 10.55 g/t gold over 6.1 metres (see press release of April 19, 2018).

Highlights of the composited assays from the drill program on Section 9050E include:

2.21 g/t gold over 25.5 metres (506.1 to 531.6 metres) in hole BR-18-30, including 12.39 g/t gold over 3.2 metres;
24.49 g/t gold over 1.0 metre (177.0 to 178.0 metres) in hole BR-18-34;
4.82 g/t gold over 3.6 metres (384.7 to 388.3 metres) in hole BR-18-33, including 9.90 g/t gold over 1.1 metres;
3.00 g/t gold over 7.5 metres (270.5 to 278.0 metres) in hole BR-18-34.

A full table of composited assays from recent drilling is presented.

"The current drilling not only expanded mineralization, but also demonstrated the continuity of wide zones of mineralization between sections along the dominate plunging control on the Boston Richardson gold system. In Section 9050E, we found the continuation of the wide zones of mineralization and faults seen in sections 9100E and 9150E. Since initiating our exploration programs, which so far have included nearly 12,000 metres of drilling, we have expanded the deposit and continue to refine and increase the confidence in our geological model. In particular, drilling in Section 9050E has extended all mineralized zones of the EG gold system, and further extended the BR gold system down to 550 vertical metres, an increase of over 250 metres in this section. Over the next several months, we expect to continue to demonstrate the significant growth potential of Goldboro with a substantial exploration program funded by the recent flow through financing," said Dustin Angelo, president and chief executive officer, Anaconda Mining.

The drill program was successful in hitting the eight mineralized zones targeted in the EG gold system and discovered two mineralized zones that were not previously known. Within the BR gold system, all eight mineralized zones were intersected, extending the BR gold system vertically an additional 250 metres to a depth of 550 metres in Section 9050E. Mineralization encountered in Section 9050E also extended both the EG and BR gold systems westward by an additional 50 metres up plunge. Nineteen separate occurrences of visible gold were observed.

Continuity of wide mineralized zones

On Section 9050E, Anaconda tested the continuation of wide zones of mineralization ranging from 4.5 metres to 13.5 metres that were encountered in sections 9100E and 9150E. As anticipated, the company intersected two zones of mineralization in Section 9050E (7.5 metres wide and 9.9 metres wide) within the same corridors of mineralization as sections 9100E and 9150E. The correlation across three geological sections indicates mineralization is continuous for at least 100 metres. The faults encountered on Section 9100E were also intersected on Section 9050E, though it is not clear if the faults are necessarily correlated to gold mineralization.

Recent results from the drill program have confirmed historical results which indicated the potential for expansion. Select highlights of composited assays from historic drilling on sections 9050E include:

9.89 g/t gold over 3.7 metres (258.3 to 262.0 metres) in hole BR-87-42;
4.11 g/t gold over 9.9 metres (200.7 to 210.6 metres) including 22.63 g/t gold over 1.1 metres in hole BR-87-32;
3.66 g/t gold over 10.6 metres (239.7 to 250.3 metres) in hole BR-87-37 including 10.63 g/t gold over 1.4 metres;
9.26 g/t gold over 1.2 metres (216.7 to 217.9 metres) in hole BR-87-37;
30.17 g/t gold over 0.9 metre (198.4 to 199.3 metres) in hole BR-87-32.

SELECTED COMPOSITED ASSAYS FROM DRILL HOLES REPORTED IN THIS RELEASE

Hole ID From (m) To (m) Interval (m) Gold (g/t)

BR-18-30 34.9 35.9 1.0 3.64
and 122.6 123.7 1.1 2.12
and 271.0 272.5 1.5 1.72
and 314.0 315.0 1.0 0.67
and 421.8 422.3 0.5 29.59
and 449.6 451.5 1.9 1.72
including 451.0 451.5 0.5 5.62
and 459.8 463.0 3.2 2.71
including 461.5 462.0 0.5 5.33
and 471.4 471.9 0.5 6.52
and 506.1 531.6 25.5 2.21
including 512.1 515.3 3.2 12.39
and 512.7 513.3 0.5 67.16
and 519.5 520.2 0.7 8.05
and 541.2 543.5 2.3 1.23
and 573.7 575.2 1.5 4.47
and 579.5 580.5 1.0 0.51
and 591.5 594.5 3.0 0.82
BR-18-31 16.0 16.5 0.5 2.38
and 51.6 56.0 4.4 0.90
and 57.9 58.9 1.0 0.69
BR-18-32 16.7 17.7 1.0 1.36
and 33.0 33.7 0.7 3.69
and 36.5 37.5 1.0 1.07
and 49.0 50.8 1.8 4.79
and 65.5 68.4 2.9 1.67
and 88.3 89.3 1.0 8.38
BR-18-33 13.0 13.5 0.5 16.43
and 157.7 158.6 0.9 4.44
and 273.0 274.0 1.0 1.26
and 284.2 286.0 1.8 2.40
and 294.5 296.5 2.0 3.57
including 296.0 296.5 0.5 10.20
and 310.0 311.0 1.0 0.63
and 319.5 321.5 2.0 1.22
and 334.0 337.0 3.0 1.71
and 342.0 346.6 4.6 1.59
and 360.9 363.0 2.1 1.28
and 372.2 372.8 0.6 3.57
and 384.7 388.3 3.6 4.82
including 385.7 386.8 1.1 9.90
and 387.8 388.3 0.5 8.28
and 402.0 403.0 1.0 7.10
and 429.0 430.0 1.0 1.31
and 465.0 467.0 2.0 0.72
and 476.4 477.5 1.1 1.03
and 486.3 489.9 3.6 1.75
BR-18-34 177.0 178.0 1.0 24.49
and 219.0 220.0 1.0 1.24
and 237.5 240.0 2.5 2.03
including 237.5 238.1 0.6 6.74
and 254.0 255.0 1.0 2.57
and 261.8 264.0 2.2 3.04
including 261.8 262.5 0.7 6.12
and 270.5 278.0 7.5 3.00
including 270.5 271.0 0.5 16.17
and 272.0 273.0 1.0 6.10
and 299.8 301.5 1.7 2.83
and 349.0 351.0 2.0 1.12
and 352.5 354.2 1.7 0.64
and 402.0 403.0 1.0 1.70
BR87-32 19.5 21.3 1.8 5.75
and 52.4 54.3 1.8 2.12
and 177.4 183.8 6.4 1.18
and 192.6 195.2 2.6 1.94
and 198.4 199.4 0.9 30.17
and 200.7 210.6 9.9 4.11
including 200.7 201.8 1.1 22.63
and 234.7 236.8 2.1 3.33
and 269.8 291.9 22.1 1.64
including 270.7 271.6 0.9 7.54
BR88-42 19.2 19.9 0.7 3.05
and 229.2 230.6 1.4 0.99
and 258.3 262.0 3.7 9.89
and 266.6 273.3 6.7 1.86
including 271.9 273.3 1.4 5.50
and 294.5 296.0 1.5 0.98
and 311.5 314.6 3.1 0.99
and 319.1 322.2 3.1 0.69
BR87-37 75.4 75.7 0.4 12.34
and 170.1 171.3 1.2 2.40
and 187.0 191.2 4.2 1.19
and 201.8 204.5 2.7 2.68
and 216.7 220.1 3.4 3.94
including 216.7 217.9 1.2 9.26
and 231.2 233.0 1.8 0.82
and 239.7 250.3 10.5 3.66
including 242.8 244.2 1.4 10.63
and 247.8 249.0 1.2 7.89
and 249.0 250.3 1.2 7.20
and 268.5 283.5 14.9 2.23
including 273.3 274.8 1.5 5.49
and 309.7 310.9 1.2 1.95

This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president of exploration with Anaconda Mining, a qualified person under National Instrument 43-101.

All samples and the resultant composites referred to in this release are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 grams) with an AA finish.

Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus 10 mesh and pulverized to 95 per cent passing minus 150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.

Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80 to 100 per cent of true widths of the mineralized zones, except for drill intersections below 400 m depth where the drill trace crosses to the northern limb of the host fold structure near the bottom of the hole. In these areas reported intervals may be less than 50 per cent of true width.

About Anaconda Mining Inc.

Anaconda is a TSX-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse project located in the Baie Verte mining district in Newfoundland, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro project in Nova Scotia, a high-grade mineral resource with the potential to leverage existing infrastructure at the company's Point Rousse project.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining: Aktienanalyse vom 06.07.2018

06.07.18 19:13
Aktiennews

An der Heimatbörse Xetra Toronto notiert Anaconda Mining per 05.07.2018 bei 0,36 CAD. Anaconda Mining zählt zu "Gold".

Auf Basis von insgesamt 5 Bewertungskriterien haben wir eine Einschätzung zum aktuellen Niveau für Anaconda Mining entwickelt. Auf jeder Stufe erhält das Unternehmen die Bewertung "Buy", "Hold" bzw. "Sell". Daraus resultiert in einer abschließenden Gewichtung die Gesamtnote.

1. Technische Analyse: Eine Betrachtung der charttechnischen Entwicklung einer Aktie mithilfe des gleitenden Durchschnitts kann dazu genutzt werden, den aktuellen Trend des Wertpapiers zu ermitteln. Schauen wir uns den gleitenden Durchschnitt des Schlusskurses der Anaconda Mining-Aktie aus den letzten 200 Handelstagen an. Dieser Wert beträgt aktuell 0,36 CAD. Damit liegt der letzte Schlusskurs (0,36 CAD) auf ähnlichem Niveau (Unterschied 0 Prozent). Wir bewerten die Aktie auf dieser Basis damit als "Hold" Wie sieht diese Rechnung aus, wenn man den gleitenden Durchschnitt auf Basis der letzten 50 Handelstage bestimmt? Für diesen (0,37 CAD) liegt der letzte Schlusskurs ebenfalls nahe dem gleitenden Durchschnitt (-2,7 Prozent Abweichung). Die Anaconda Mining-Aktie wird somit auch auf dieser kurzfristigeren Basis mit einem "Hold"-Rating bedacht. Die Anaconda Mining-Aktie wird für die einfache Charttechnik in Summe somit mit einem "Hold"-Rating versehen.

2. Sentiment und Buzz: Die Auswertung der Rate der Stimmungsänderung sowie der Diskussionsintensität ergibt folgendes Bild: Während des vergangenen Monats verbesserte sich die Stimmungslage der Anleger zunehmend. Daher bewerten wir diesen Punkt mit "Buy". Schauen wir auf die Intensität der Diskussionen aus dem letzten Monat. Diese gibt Aufschluss darüber, ob eine Aktie tendenziell viel oder wenige Beachtung erfährt. Das Unternehmen wurde mehr diskutiert als üblich und erfuhr zunehmende Aufmerksamkeit der Anleger. Dies führt zu einem "Buy"-Rating. Damit erhält die Anaconda Mining-Aktie ein "Buy"-Rating.

3. Branchenvergleich Aktienkurs: Die Aktie hat im vergangenen Jahr eine Rendite von 50 Prozent erzielt. Im Vergleich zu Aktien aus dem gleichen Sektor ("Materials") liegt Anaconda Mining damit 43,96 Prozent über dem Durchschnitt (6,04 Prozent). Die mittlere jährliche Rendite für Wertpapiere aus der gleichen Branche "Metals & Mining" beträgt 6,04 Prozent. Anaconda Mining liegt aktuell 43,96 Prozent über diesem Wert. Aufgrund der Überperformance bewerten wir die Aktie auf dieser Stufe insgesamt mit einem "Buy".

Sollten Anleger sofort verkaufen? Oder lohnt sich doch der Einstieg bei Anaconda Mining?

Wie wird sich die Aktie jetzt weiter entwickeln? Ist Ihr Geld in dieser Aktie sicher? Die Antworten auf diese Fragen und warum Sie jetzt handeln müssen, erfahren Sie in der aktuellen Analyse zur Anaconda Mining Aktie

Quelle: http://www.aktiencheck.de/news/Artikel-Anaconda_Mining_Aktie…
Anaconda rescinds proposed Maritime takeover increase

2018-07-10 07:12 ET - News Release

Also News Release (C-MAE) Maritime Resources Corp

Mr. Dustin Angelo reports

ANACONDA MINING RESCINDS PROPOSAL TO INCREASE ITS BID TO MARITIME SHAREHOLDERS

Anaconda Mining Inc. has rescinded its July 4, 2018, proposal to increase, by approximately 28 per cent, the consideration payable under its premium takeover bid to acquire all the issued and outstanding shares of Maritime Resources Corp., together with the associated rights (SRP rights) issued under the shareholder rights plan of Maritime dated March 15, 2018.

The revised offer was conditional on Maritime management not completing its previously announced private placement financing. Maritime completed the private placement on July 6, 2018, resulting in dilution to current Maritime shareholders by over 23%. Now that the private placement has been completed, Anaconda will proceed with its original premium Offer of 0.39 for each common share of Maritime held.

"It is unfortunate that Maritime's management continues to entrench themselves while leading shareholders down a path of chronic ownership dilution. As a result, Maritime management and the board of directors have denied Maritime shareholders the opportunity to tender into Anaconda's proposal to increase its bid. Now, unless Maritime shareholders tender to the Offer, they will be subject to further dilution in four months, as outlined by Maritime's Circular. The time to act is now. By combining our companies, we will create an emerging Atlantic Canada gold mining company with a significant growth profile and the potential to generate more value together as opposed to a stand-alone Maritime."

~ Dustin Angelo, President and CEO of Anaconda

Further to the Company's June 14, 2018 news release announcing that it had received shareholder approval by written consent for the issuance of common shares of the Company (the "Anaconda Shares") in connection with the Offer, the Company is pleased to announce that the shareholder consent allowed for the additional dilution that would be caused by Maritime's private placement and that the Company has approval by written consent for the issuance of up to 57,623,000 Anaconda Shares, which represents 48.5% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis).

The Company has applied to list the Anaconda Shares issuable under the Offer on the TSX. Such listing is subject to the Company fulfilling all of the listing requirements of the TSX, including obtaining approval of the shareholders of Anaconda (the "Shareholders"), which is required under Subsection 611(c) of the TSX Company Manual since the aggregate number of Anaconda Shares issuable under the Offer is greater than 25% of the outstanding Anaconda Shares. In accordance with Subsection 604(d) of the TSX Company Manual, the Company is permitted to effect the Offer without obtaining the approval of its Shareholders at a meeting of Shareholders if the Company provides the TSX with evidence that Shareholders holding more than 50% of the Anaconda Shares are familiar with the terms of the Offer and are in favour of proceeding with the Offer and the issuance of the Anaconda Shares required thereunder. Consent for the issuance of the Anaconda Shares was obtained from Shareholders representing approximately 50.9% of the issued and outstanding Anaconda Shares. Pursuant to Subsection 604(d) of the TSX Company Manual, no Anaconda Shares may be issued in connection with the Offer for a period of five business dates following the date of this news release.

There are currently 118,691,635 Anaconda Shares issued and outstanding and, to the knowledge of Anaconda, 99,373,116 Maritime Shares are issued and outstanding. The Company does not own any Maritime Shares and, to the knowledge of the Company, no directors or officers of the Company own any Maritime Shares. As at the date hereof, it is expected that the Company will, subject to any future issuance of Maritime Shares or the exercise of any securities of Maritime that are exercisable for, convertible into or exchangeable for Maritime Shares ("Convertible Securities"), issue approximately 38,755,515 Anaconda Shares under the Offer, which represents approximately 32.7% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis). To the knowledge of Anaconda, Maritime has Convertible Securities exercisable for an aggregate of 42,667,557 Maritime Shares. An aggregate of approximately 16,640,347 Anaconda Shares will be required to be reserved for issuance upon the exercise of Convertible Securities, which represents approximately 14.0% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis). In aggregate, based on the issued and outstanding Maritime Shares and Convertible Securities, 55,395,862 Anaconda Shares have been reserved for issuance, which represents 46.7% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis). However, if the Offer is successful, Maritime Shareholders will own approximately 24.6% of the pro forma Company (calculated on a non-diluted basis).

The Offer Consideration is a fraction of an Anaconda Share and so it represents neither a discount nor a premium to the market price (as defined in TSX Company Manual) of the Anaconda Shares.

The Company expects that if the Offer is completed, there will be no changes to the control of the Company. To the Company's knowledge, there are no controlling Maritime Shareholders and there are no Shareholders that together with any Maritime Shares owned currently would in the aggregate own greater than 10% of the issued and outstanding Anaconda Shares on a consolidated basis following the completion of the Offer.

The Company has entered into Lock-Up Agreements with Maritime Shareholders holding 10.6% of the issued and outstanding Maritime Shares, pursuant to which such Maritime Shareholders have agreed to tender their Maritime Shares in support of the Offer. Other than the Lock-Up Agreements, no voting trust or similar agreements or arrangements are expected to be entered into in connection with the Offer.

The Offer, which is subject to certain terms and conditions, is set forth in the offer to purchase and related take-over bid circular dated April 13, 2018 (the "Offer to Purchase and Circular"), a copy of which has been filed with the securities regulatory authorities in Canada and is available through the Internet at www.sedar.com and furnished to the Securities and Exchange Commission and is available through the internet at www.sec.gov.

TENDER YOUR SHARES TODAY

All Maritime shareholders who wish to accept the Offer, including those who have participated in the recent private placement, must tender their shares by July 27, 2018 @ 5:00 p.m. (EST).

Full details of the Offer are included in the Company's Offer to Purchase and Circular, the related letter of transmittal, and the notice of guaranteed delivery (collectively, the "Offer Documents"), which are filed on SEDAR at www.sedar.com and have been mailed to Maritime shareholders, holders of Convertible Securities, and other persons who are entitled to receive those documents under applicable laws.

The Depositary and Information Agent for the Offer is Kingsdale Advisors. Questions and requests for assistance, including assistance with respect to tendering your Maritime Shares, together with the associated SRP Rights, to the Offer, or requests for additional copies of the Offer Documents, may be directed to Kingsdale Advisors by telephone at 1-855-682-2031 (toll free in North America), or 416-867-2271 (collect calls outside North America), or by email at contactus@kingsdaleadvisors.com.

NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES

The Offer is made for the securities of a foreign company. The Offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the Offer to Purchase and Circular of Anaconda to Maritime shareholders filed on SEDAR at www.sedar.com on April 13, 2018, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.

It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.

You should be aware that Anaconda may purchase securities otherwise than under the Offer, such as in open market or privately negotiated purchases.

The Offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.

ABOUT ANACONDA MINING INC.

Anaconda is a TSX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda sells 4,330 oz Au in Q2

2018-07-11 07:15 ET - News Release

Mr. Dustin Angelo reports
ANACONDA MINING SELLS 4,330 OUNCES OF GOLD IN Q2 2018; ACHIEVES RECORD QUARTERLY THROUGHPUT
Anaconda Mining Inc. has released production results and certain financial information from the three and six months ended June 30, 2018. All dollar amounts are in Canadian Dollars. The Company expects to file its second quarter financial statements and management discussion and analysis by August 2, 2018.
In 2017, the Company changed its fiscal year-end to December 31, from its previous fiscal year end of May 31. Consequently, Anaconda has now reverted to a customary quarterly reporting calendar based on a December 31 financial year-end, with fiscal quarters ending on the last day in March, June, September, and December each year. For comparative purposes, the results for the three and six months ended June 30, 2018, have been compared to the three and six months ended May 31, 2017.
Q2 2018 Highlights
Anaconda sold 4,330 ounces of gold in Q2 2018, generating metal revenue of $7.4 million at an average realized gold price1 of $1,695 per ounce. As at June 30, 2018, the Company also had over 750 ounces in gold dore and bullion inventory, which was subsequently sold in July 2018. The Company also generated $100,000 in revenue from the sale of waste rock for road construction purposes. Anaconda produced 4,632 ounces of gold during Q2 2018, a 4.4% increase over the three months ended May 31, 2017, and 8,925 ounces in the first half of 2018, an 8.7% increase over the comparative period. The Pine Cove Mill processed a quarterly record 121,299 tonnes during Q2 2018, a 12.4% increase over the comparative three-month period ended May 31, 2017, at a throughput rate of 1,350 tonnes per day ("tpd"). Mill feed during the quarter was comprised of 113,857 tonnes of ore stockpiled from the Pine Cove Pit, supplemented by 7,442 tonnes of ore mined from Stog'er Tight. Development of the Stog'er Tight West Pit was completed in Q2 2018, with the removal of 133,576 tonnes of waste in April and the commencement of commercial production on May 1, 2018; ore produced from Stog'er Tight during the second quarter was 32,833 tonnes. The Company submitted an environmental application for the Argyle Project during Q2 2018, and is preparing the development plan for submission to the applicable regulatory authorities to be able to start development in mid-2019. Anaconda successfully completed a non-brokered private placement for $4.5 million, which will enable continued drilling at the Goldboro Gold Project, the Argyle Deposit, and other prospective targets at the Company's Point Rousse Project.
1 Refer to Non-IFRS Measures Section below.
"Anaconda Mining continues to achieve consistent and profitable mining results from its Point Rousse Project, producing 4,632 ounces of gold in the second quarter of 2018. We are on track to meet 2018 production guidance of 18,000 ounces, as we transition to commercial production at the Stog'er Tight Mine. With the proceeds from our recent private placement, drilling will begin later this summer at Point Rousse and we expect to demonstrate the ability to add more mineral resources beyond Pine Cove, Stog'er Tight, and Argyle. We continue to execute on our business plan by leveraging our operating infrastructure, growing our mineral resource base around the Pine Cove Mill, and consolidating gold properties on the Baie Verte Peninsula. As such, we believe we can create significant value for all stakeholders, including shareholders of Maritime Resources Corp., with the acquisition of the Hammerdown Project."
~Dustin Angelo, President and CEO, Anaconda Mining Inc.

Second Quarter Operating Statistics


Three months ended Six months ended
June 30, 2018 May 31, 2017 June 30, 2018 May 31, 2017
Mine Statistics
Ore production (tonnes) 32,833 92,167 176,673 194,698
Waste production (tonnes) 356,642 386,387 606,774 711,463
Total material moved (tonnes) 389,475 478,554 783,447 906,161
Waste: Ore ratio 10.9 4.2 3.4 3.7

Mill Statistics
Availability (%) 98.7 97.5 96.1 96.1
Dry tonnes processed 121,299 107,956 230,518 215,718
Tonnes per day ("tpd") 1,350 1,200 1,326 1,233
Grade (grams per tonne) 1.38 1.49 1.41 1.35
Recovery (%) 85.9 85.8 85.6 85.5
Gold Ounces Produced 4,632 4,442 8,925 8,209
Gold Ounces Sold 4,330 4,658 8,856 8,255





Operations Overview for the Three Months Ended June 30, 2018
Anaconda sold 4,330 ounces of gold during the second quarter of 2018, generating gold and silver revenue of $7.4 million, and year-to-date has sold 8,856 ounces to generate revenue of $14.9 million. As at June 30, 2018, the Company also had over 750 ounces of gold dore and bullion inventory, which were sold in early July. The Company continues to be on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs1 of $1,100 per ounce, and has now transitioned to ore production at the Stog'er Tight Mine. At a budgeted gold price of $1,550, Anaconda expects to generate approximately $28.0 million of revenue based on production guidance, noting however that the average realized gold price1 for the first half of 2018 was $1,686 per ounce.
1 Refer to Non-IFRS Measures Section below.
Point Rousse Mill Operations - The Pine Cove Mill processing facility remains a cornerstone asset of the Company, achieving record quarterly throughput of 121,299 tonnes in the second quarter of 2018. Mill throughput was 1,350 tpd in Q2 2018, a 12.5% increase over the comparative three months ended May 31, 2017, and an improvement from the 1,300 tpd in Q1 2018. Availability during the quarter was strong at 98.7%, up from 93.4% in the first quarter of 2018, when a planned preventative maintenance shutdown occurred. The Company continues to invest in the Pine Cove Mill, making upgrades to the regrind motor and jaw and cone crushers, while continuing to maintain consistent throughput from its crushed ore stockpiles.
Average grade during the second quarter of 2018 was 1.38 g/t, a decrease over both Q1 of 2018 and the three-month comparative period ending May 31, 2017. The lower grade profile was as projected based on mill throughput being largely comprised of ore stockpile from the Pine Cove Pit. The Company expects an increased grade profile in the second half of 2018, as ore feed is predominantly sourced from Stog'er Tight. The mill achieved an average recovery rate of 85.9%, an improvement over Q1 2018, resulting in gold production in Q2 2018 of 4,632 ounces.
Point Rousse Mine Operations - Mining activity in the first quarter of 2018 was focused on development activity at Stog'er Tight and the completion of mining in the main Pine Cove Pit. In Q1 2018, the nearby Fox Pond water level was lowered to allow mining at Stog'er Tight, and a settling pond and dewatering system was established. The Company completed development at Stog'er Tight in April, removing a further 133,576 tonnes of waste, which will be capitalized as development. Commercial ore production began in May, with 28,974 tonnes of ore mined from Stog'er Tight in May and June.
During Q2 2018, mine operations produced a total of 32,833 tonnes of ore, which included 3,859 tonnes mined from Stog'er Tight during development activities. Given the focus on development in the West Pit, the strip ratio of 10.9 waste tonnes to ore tonnes was high compared to previous periods; however, the strip ratio is expected to decrease over the life of the West Pit.
Mine activity in the Pine Cove Pit finished in the middle of March, and the Company has commenced planning for pushbacks for the Pine Cove Pond and the North West Extension to the pit, which are expected to contribute ore in 2019. The Company is now converting the Pine Cove Pit into a fully-permitted in-pit tailings storage facility, which has approximately 15 years of capacity based on a throughput rate of 1,350 tonnes per day. Anaconda expects to begin tailings deposition in the third quarter of 2018.
Qualified Person
Gordana Slepcev, P. Eng., Chief Operating Officer, Anaconda Mining Inc., is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.
ABOUT ANACONDA
Anaconda Mining is a TSX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Pine Cove open pit mine, the Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda withdraws offer for Maritime Resources

2018-07-12 07:12 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo of Anaconda reports
ANACONDA MINING WITHDRAWS OFFER TO MARITIME SHAREHOLDERS
Anaconda Mining Inc. has withdrawn its previously announced premium takeover bid to acquire all the issued and outstanding shares of Maritime Resources Corp. Anaconda will not take up any of the Maritime shares tendered in connection with the Offer.
"With the recently completed private placement, Maritime shareholders made it clear that they stood with management and wanted to pursue a stand-alone strategy to advance the Hammerdown Project. Anaconda continues to believe that its Offer was compelling and provided shareholders immediate appreciation in their Maritime shares. In addition, over the long term, Anaconda could have created more value for Maritime shareholders through the combination of the two companies' assets than what Maritime could have done on its own. Now that Maritime is behind us, we will focus on other opportunities we have in Atlantic Canada to grow our business."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES
The Offer was made for the securities of a foreign company. The Offer was subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the Offer to Purchase and Circular of Anaconda to Maritime shareholders filed on SEDAR at www.sedar.com on April 13, 2018, if any, were prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that Anaconda may purchase securities of Maritime at their discretion in open market or privately negotiated purchases.
ABOUT ANACONDA MINING INC.
Anaconda is a TSX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda drills one m of 63.88 g/t Au at Goldboro

2018-07-26 07:21 ET - News Release

Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 63.88 G/T OVER 1.0 METRE AND 6.05 G/T OVER 3.7 METRES AT GOLDBORO
Anaconda Mining Inc. has released the remaining assay results from the 11,588-metre diamond drilling program that began in October, 2017, at the company's Goldboro gold project in Nova Scotia. The two drill holes (1,139 metres) successfully targeted extensions of the East Goldbrook and Boston Richardson gold systems within Section 9000E, which included previously identified high-grade zones discovered through historical drilling and found in neighbouring sections (see press release of July 5, 2018).
Highlights of the composited assays from recent drilling on Section 9000E include:

63.88 grams per tonne (g/t) gold over 1.0 metre (378.0 to 379.0 metres) in hole BR-18-41;
77.69 g/t gold over 0.5 metre (64.5 to 65.0 metres) in hole BR-18-42;
6.05 g/t gold over 3.7 metres (472.0 to 475.7 metres) including 28.12 g/t gold over 0.7 metre in hole BR-18-42;
5.87 g/t gold over 1.5 metres (451.6 to 453.1 metres) in hole BR-18-42.

Select highlights from the historical drilling in Section 9000E include:

10.06 g/t gold over 12.0 metres (190.7 to 202.7 metres) including 62.06 over 1.5 metres in hole BR-88-40;
16.60 g/t gold over 4.4 metres (176.0 to 180.5 metres) including 42.51 g/t gold over 1.7 metres in hole BR-88-40;
15.87 g/t gold over 5.9 metres (293.7 to 299.6 metres) including 17.14 g/t gold over 1.1 metres, 29.49 g/t gold over 1.2 metres and 31.54 g/t gold over 1.2 metres in hole BR-87-35A;
7.29 g/t gold over 3.5 metres (263.5 to 267.0 metres) including 23.22 g/t gold over 1.0 metre in hole BR-08-15;
7.54 g/t gold over 1.2 metres (277.4 to 278.6 metres) in hole BR-87-18.

"We have drilled 10 sections in the EG and BR gold systems and the results demonstrate that the structure hosting these gold systems is present over all areas tested -- a strike length of approximately 700 metres. Our recent drilling in the EG gold system discovered mineralized zones up plunge in Section 9000E that were not previously modelled. Also, the BR gold system was extended an additional 250 metres at depth to a total of 525 metres and remains open for further expansion. All of these results will be included in a future mineral resource update," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Section 9000E
Drilling within Section 9000E successfully identified five mineralized zones targeted in the EG gold system and eight mineralized zones of the BR gold system. Four of the zones within the BR gold system extended the limbs of the mineralized fold structure by approximately 50 metres and four new zones added an additional 250 vertical metres to the depth of the BR gold system in Section 9000E, bringing the total depth of mineralization to 525 metres.

SELECTED COMPOSITED ASSAYS FROM DRILL HOLES

Hole ID From To Interval Gold
(m) (m) (m) (g/t)

BR-18-41 359.0 359.5 0.5 3.10
and 378.0 379.0 1.0 63.88
and 384.2 384.7 0.5 13.27
and 402.1 404.0 1.9 1.91
and 407.5 409.7 2.2 0.59
and 437.0 444.0 7.0 0.97
including 443.5 444.0 0.5 5.11
and 534.0 535.0 1.0 3.97
and 540.8 542.9 2.1 1.84
and 586.3 586.8 0.5 3.36
BR-18-42 55.5 56.0 0.5 12.65
and 64.5 65.0 0.5 77.69
and 85.5 86.0 0.5 2.80
and 309.9 311.4 1.5 0.82
and 351.4 353.0 1.6 2.00
and 361.2 364.5 3.3 1.11
and 408.3 413.6 5.3 1.26
including 409.5 410.0 0.5 5.70
and 428.0 433.5 5.5 1.45
including 430.0 430.8 0.8 6.22
and 438.1 443.0 4.9 1.37
and 451.6 453.1 1.5 5.87
including 451.6 452.1 0.5 14.61
and 472.0 475.7 3.7 6.05
including 475.0 475.7 0.7 28.12
BR08-15 224.0 227.5 3.5 4.49
and 263.5 267.0 3.5 7.29
including 263.5 264.5 1.0 23.22
and 281.0 283.5 2.5 1.14
and 304.8 305.0 0.3 10.85
BR87-18 270.8 271.3 0.5 14.74
and 273.4 289.6 16.2 1.43
including 277.4 278.6 1.2 7.54
and 297.4 297.9 0.5 12.69
BR88-40 36.9 37.5 0.6 5.57
and 155.2 169.3 14.2 1.46
including 157.6 158.5 0.9 6.50
and 176.0 180.5 4.4 16.60
including 176.0 177.7 1.7 42.51
and 190.7 202.7 12.0 10.06
including 192.0 193.6 1.5 62.06
and 265.5 291.1 25.6 1.28
BR91-112 98.0 103.0 5.0 0.80
BR87-35A 17.3 18.3 1.1 4.40
and 213.1 215.5 2.4 3.74
and 223.1 228.3 5.2 1.12
and 239.9 241.4 1.5 1.89
and 260.9 263.1 2.1 9.80
including 260.9 262.1 1.2 16.11
and 293.7 299.6 5.9 15.87
including 293.7 294.8 1.1 17.14
and 296.0 297.2 1.2 29.49
and 298.4 299.6 1.2 31.54


This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, a qualified person, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
All samples and the resultant composites referred to in this release are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 grams) with an atomic absorption finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus 10 mesh and pulverized to 95 per cent passing minus 150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80 to 100 per cent of true widths of the mineralized zones, except for drill intersections below 400 m depth where the drill trace crosses to the northern limb of the host fold structure near the bottom of the hole. In these areas reported intervals may be less than 50 per cent of true width.
About Anaconda Mining Inc.
Anaconda is a TSX-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse project located in the Baie Verte mining district in Newfoundland, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro project in Nova Scotia, a high-grade mineral resource with the potential to leverage existing infrastructure at the company's Point Rousse project.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda starts 10,000 m drill program at Goldboro

2018-07-31 07:15 ET - News Release

Mr. Dustin Angelo reports
ANACONDA MINING INITIATES 10,000-METRE DRILL PROGRAM AT GOLDBORO, FOLLOWING HIGHLY SUCCESSFUL INITIAL DRILL PROGRAM
Anaconda Mining Inc. has commenced a 10,000-metre diamond drill program at the Goldboro gold project in Nova Scotia. The drill program follows a highly successful campaign that included 12,231 metres of diamond drilling in 42 holes since May of 2017 when the company acquired Goldboro. The initial drill program focused on infilling areas of inferred resources as outlined in the 2018 preliminary economic assessment (PEA) filed on March 2, 2018, and expanding the Goldboro deposit along strike and down plunge and at depth along the host fold structure.
The initial drill program had many highlights including the following:

Selected diamond drill intersections including:
779.97 grams per tonne (g/t) gold over 0.5 metre within 151.42 g/t gold over 2.6 metres (33.1 to 35.7 metres) in hole BR-17-04;
21.05 g/t gold over 11.5 metres (77.5 to 89.0 metres) in hole BR-18-37;
4.13 g/t gold over 20.5 metres (324.5 to 345.0 metres) in hole BR-18-23 including 9.93 g/t gold over 7.5 metres and 79.34 g/t gold over 0.5 metre;
17.41 g/t gold over 7.5 metres (93.5 to 101.0 metres) in hole BR-18-39;
10.55 g/t gold over 6.1 metres (223.0 to 229.1 metres) in hole BR-18-22 including 18.78 g/t gold over 3.1 metres.
Evidence of high-grade tenor of Goldboro including:
186 samples assaying greater than five g/t;
114 samples assaying greater than 10 g/t;
57 samples assaying greater than 20 g/t;
24 samples assaying greater than 50 g/t;
12 samples assaying greater than 100 g/t;
130 new occurrences of visible gold.
Expansion of the Goldboro deposit:
Expanded the Goldboro deposit along strike by 100 metres (to 1.8 kilometres) and vertically by 200 metres (from 350 to 550 metres) within the Boston Richardson gold system;
Identified three new zones of mineralization along strike to the east within the East Goldbrook gold system.
Correlated wide zones of mineralization from 4.3 metres to 13.5 metres over at least 100 metres of strike including intercepts such as:
11.27 g/t gold over 13.5 metres in hole BR-18-22 including 15.63 g/t gold over 1.4 metres and 44.33 g/t gold over 2.5 metres on Section 9100E;
4.11 g/t gold over 9.9 metres in hole BR-87-32 of Section 9050E;
9.14 g/t gold over 4.3 metres in hole BR-87-28 of Section 9150E.
Performed infill drilling in the areas that represent approximately 70 per cent of the PEA inferred resources outlined for development.

"Drilling more than 12,000 metres to date has demonstrated the continuity of mineralization and growth potential we expected to see from Goldboro to take the deposit well beyond the current 525,400 ounces of measured and indicated resource and 374,300 ounces of inferred resources*. We have been able to refine and expand the deposit through strategic drilling and leveraging historical work as we advance the project towards feasibility status. The successful completion of the $4.5-million non-brokered private placement will initially fund an additional 10,000 metres of diamond drilling over the next five months to complete the infill drilling in areas identified in the Goldboro PEA as well as test key areas where we believe we can continue to grow the resource. In addition to infill and expansion drilling, we will test specific geological concepts such as the potential for broad zones of high-grade mineralization like features found in similar style deposits in the Victorian goldfields of Australia. In just over a year of ownership, we have created a tremendous amount of value and we feel we have only scratched the surface. As we grow the resource and move further along in development, we are simultaneously increasing value and decreasing the risk of the project," said Dustin Angelo, president and chief executive officer, Anaconda Mining .
10,000-metre drill program
The drill program will have two key goals: (1) infilling and upgrading of inferred resources in areas of the West Goldbrook gold system identified within the mine plan of the PEA; (2) expanding the WG, EG and BR gold systems at depth and down plunge. The 10,000-metre drill program is anticipated to take approximately five months and will form the basis of another drill program to be planned for early 2019 and is being financed by a flow-through financing completed in June, 2018.

GOLDBORO RESOURCE TABLE*

Resource Au cut-off Category Tonnes Au Troy ounces
type (g/t) (rounded) (g/t) (rounded)

Open pit 0.50 measured 397,000 2.88 36,800
indicated 662,000 3.09 65,800
measured and indicated 1,059,000 3.01 102,500
inferred 45,000 2.54 3,700
Underground 2.00 measured 22,000 4.7 3,300
indicated 2,564,000 5.09 419,600
measured and indicated 2,586,000 5.09 422,900
inferred 2,497,000 4.28 343,600
Combined 0.50/2.00 measured 419,000 2.98 40,100
Open pit and indicated 3,226,000 4.68 485,400
underground measured and indicated 3,645,000 4.48 525,400
inferred 2,542,000 4.25 347,300

Mineral resource estimate notes
(1) Mineral resources were prepared in accordance with National Instrument
43-101 and the CIM (Canadian Institute of Mining, Metallurgy and Petroleum)
definition standards (2014). Mineral resources that are not mineral reserves
do not have demonstrated economic viability.
(2) Open-pit mineral resources are reported at a cut-off grade of 0.5 g/t
gold that is based on a gold price of $1,550/ounce and a gold processing
recovery factor of 95 per cent. These include PEA base case open-pit
resources that have an estimated life of mine strip ratio of 7.3:1
(waste:PEA tonne).
(3) Appropriate mining costs, processing costs, metal recoveries and
interramp pit slope angles were used by WSP to generate the pit design.
(4) Rounding may result in apparent summation differences between tonnes,
grade and contained metal content.
(5) Tonnage and grade measurements are in metric units. Contained gold
ounces are in troy ounces.
(6) Contributing assay composites were capped at 80 g/t Au.
(7) A density factor of 2.7 grams per cubic centimetre was applied to all
blocks.
* Mineral resources are not mineral reserves and do not imply the economic
viability of the resource.
* NI 43-101 report titled "Goldboro Project Preliminary Economic
Assessment," effective date Jan. 17, 2018.


This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, a qualified person, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 75 to 100 per cent of true widths of the mineralized zones though may be as much as 50 per cent of true width.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse project located in the Baie Verte mining district in Newfoundland, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro project in Nova Scotia, a high-grade mineral resource with the potential to leverage existing infrastructure at the company's Point Rousse project.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
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